Topics

Billionaire Warren Buffett won't end speculation about his eventual successor, but he reiterated that Berkshire Hathaway's board has a plan in place. Buffett appeared on CNBC Monday after releasing his annual letter to Berkshire shareholders over the weekend. Berkshire's Vice Chairman Charlie Munger spurred renewed interest in the replacement for the 84-year-old Buffett over the weekend because he singled out two candidates in his own letter to shareholders. Munger said Berkshire's reinsurance chief Ajit Jain and the head of its utility company, Greg Abel, would both be excellent choices to replace Buffett. Buffett says both Jain and Abel would play key roles at the...

Related "Berkshire Hathaway Inc." Articles

Billionaire Warren Buffett won't end speculation about his eventual successor, but he reiterated that Berkshire Hathaway's board has a plan in place. Buffett appeared on CNBC Monday after releasing his annual letter to Berkshire shareholders over the...

The world's most powerful investor may be a visionary when it comes to stocks, but Warren Buffett may not be the man to turn to for diet advice.
The 84-year-old CEO of Berkshire Hathaway, which invests in or owns iconic food and drink businesses from...

McDonald's isn't as admirable as it used to be.The Oak Brook-based burger giant plunged on Fortune's annual list of the world's most admired companies, dropping to 46 from last year's ranking of 22.Chicago-based Boeing also slipped in 2015, falling one...

After more than 30 years working in Chicago as Warren Buffett's stockbroker, Citigroup Managing Director John Freund is retiring from the bank at the end of March, the company said.
Freund, 69, managed to make big headlines only once: For altering the...

The Pampered Chef said Monday that Tracy Britt Cool, a financial assistant to Warren Buffett, is becoming CEO of the Addison-based direct sales company, which is owned by Buffett's Berkshire Hathaway.
Cool, 30, joined Berkshire Hathaway in 2009 and has...

The cheapest places to live aren't necessarily the best places to live. Cities with super-low living costs can suffer from high unemployment, poverty and a lack of services. So while cost of living is an important consideration in choosing where you...

NEW YORK - JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said he has been diagnosed with curable throat cancer and he plans to remain actively involved in the largest U.S. bank's business.
In a memo to the bank's employees and...

Berkshire Hathaway's Class A shares on Thursday hit $200,000 for the first time, making it more than 60 times more valueable than the next most-expensive stock listed on U.S. exchanges.
The milestone further validates CEO Warren Buffett's vision for...

How do the wealthy stay wealthy? The mandatory financial disclosure released last week by commerce secretary nominee Penny Pritzker provides a rare look at an American billionaire's entire investment portfolio. Pritzker inherited much of her wealth,...

On October 26, Lutheran Social Services of Illinois (LSSI) will present the Amicus Certus (“True Friend”) Award to The Christopher Family Foundation at the 32nd Annual Amicus Certus Celebration. The theme of this year’s event is “Olé...

Credit goes to Warren Buffett of Berkshire Hathaway — relax, you're reading the theater column, not the business pages — for popularizing, if not coining, the phrase "skin in the game."In the Buffett usage, the phrase refers to a desirable...

Stories of business gone wrong are almost always stories of corporate culture gone wrong. The problem is that it's not easy for outsiders, or even insiders, to diagnose a sick culture. Over a decade ago, when I started investigating what had gone wrong...

Warren Buffett, whose Berkshire Hathaway owns a sizable chunk of General Motors stock, said he "totally disagrees" with putting short-term investors on the board and he isn't pushing for the $8 billion stock buy back that four hedge funds want....

Billionaire Warren Buffett didn't end the speculation about his eventual successor, but he reiterated Monday that Berkshire Hathaway's board has a plan in place. Buffett addressed a variety of topics on CNBC after releasing his annual letter to...

Billionaire Warren Buffett is proud of what he's built as Berkshire Hathaway's CEO over the past 50 years, but he's also willing to admit making a few costly mistakes along the way. Buffett used his annual shareholder letter released Saturday to make...

Billionaire Warren Buffett says the U.S. economy continues to improve steadily, and he doesn't think investors should be disappointed with 2 percent growth each year. Buffett appeared on CNBC Monday after releasing his annual letter to Berkshire...

Berkshire Hathaway Inc. said Saturday that its fourth quarter profit slid 17 percent because of declines in the paper value of its investments and derivative contracts. Berkshire's quarterly profit declined to $4.16 billion, or $2,529 per Class A share,...